Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 07/20/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.75 billion
    NAV $55.68

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 07/20/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 247,000,000
    Number of Holdings 99
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 07/20/26

    30-Day SEC Yield 0.45%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 07/20/26

    NAV $55.68 Daily Change -$0.63 -1.12%
    Market Price $55.70 Daily Change -$0.60 -1.07%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 06/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 4.77% 24.40% 23.47% 36.30% 65.57% 317.61% 03/06/17
    Returns (as of 07/20/26)
    		Return PAVE Return Index
    Since Inception 294.92% 314.41%
    12 Months 26.15% 26.50%
    24 Months 45.10% 46.07%
    Last 60 Trading Days 1.19% 1.18%
    Last 75 Trading Days 14.28% 14.31%
    Monthly Returns (through 07/20/26)
    		Return PAVE Return Index
    Jul 2026 -5.43% -5.53%
    Jun 2026 4.75% 4.79%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 07/20/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.92 CSX CSX CORP United States 2160753 50.11 10,760,585 539,212,914.35
    3.78 PWR QUANTA SERVICES INC United States 2150204 632.56 821,313 519,529,751.28
    3.58 UNP UNION PACIFIC CORP United States 2914734 296.25 1,664,064 492,978,960.00
    3.50 HWM HOWMET AEROSPACE INC United States BKLJ8V2 271.98 1,768,554 481,011,316.92
    3.36 ETN EATON CORP PLC United States B8KQN82 401.41 1,152,597 462,663,961.77
    3.36 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 468.16 986,888 462,021,486.08
    3.24 NSC NORFOLK SOUTHERN CORP United States 2641894 334.97 1,331,859 446,132,809.23
    3.14 DE DEERE & CO United States 2261203 586.00 737,037 431,903,682.00
    3.02 ROK ROCKWELL AUTOMATION INC United States 2754060 458.71 905,234 415,239,888.14
    2.96 URI UNITED RENTALS INC United States 2134781 1,012.71 402,730 407,848,698.30
    2.96 SRE SEMPRA United States 2138158 90.69 4,485,216 406,764,239.04
    2.91 NUE NUCOR CORP United States 2651086 230.74 1,733,678 400,028,861.72
    2.83 PH PARKER HANNIFIN CORP United States 2671501 950.79 409,907 389,735,476.53
    2.80 FAST FASTENAL CO United States 2332262 44.76 8,597,895 384,841,780.20
    2.54 EMR EMERSON ELECTRIC CO United States 2313405 136.58 2,562,316 349,961,119.28
    2.25 CRH CRH PLC United States B01ZKD6 99.95 3,092,728 309,118,163.60
    2.04 VMC VULCAN MATERIALS CO United States 2931205 280.62 1,000,937 280,882,940.94
    1.85 STLD STEEL DYNAMICS INC United States 2849472 230.49 1,106,263 254,982,558.87
    1.84 MLM MARTIN MARIETTA MATERIALS United States 2572079 553.62 456,847 252,919,636.14
    1.84 EME EMCOR GROUP INC United States 2474164 744.03 339,116 252,312,477.48
    1.52 CRS CARPENTER TECHNOLOGY United States 2177504 555.13 377,394 209,502,731.22
    1.48 AMRZ AMRIZE LTD United States BV5F675 48.79 4,187,153 204,291,194.87
    1.46 MTZ MASTEC INC United States 2155306 336.61 597,700 201,191,797.00
    1.42 HUBB HUBBELL INC United States BDFG6S3 484.98 402,589 195,247,613.22
    1.39 ATI ATI INC United States 2526117 186.24 1,029,209 191,679,884.16
    1.29 WWD WOODWARD INC United States 2948089 390.75 453,529 177,216,456.75
    1.10 RS RELIANCE INC United States 2729068 383.17 396,092 151,770,571.64
    1.10 STRL STERLING INFRASTRUCTURE INC United States 2632876 650.22 232,710 151,312,696.20
    1.07 FTV FORTIVE CORP United States BYT3MK1 60.99 2,406,011 146,742,610.89
    0.99 RBC RBC BEARINGS INC United States B0GLYB5 568.90 239,466 136,232,207.40
    0.91 IEX IDEX CORP United States 2456612 221.24 567,009 125,445,071.16
    0.86 WCC WESCO INTERNATIONAL INC United States 2416973 319.05 368,512 117,573,753.60
    0.84 J JACOBS SOLUTIONS INC United States BNGC0D3 129.49 894,558 115,836,315.42
    0.75 CSL CARLISLE COS INC United States 2176318 327.31 316,540 103,606,707.40
    0.75 RRX REGAL REXNORD CORP United States 2730082 205.58 502,925 103,391,321.50
    0.74 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 245.44 416,840 102,309,209.60
    0.72 MLI MUELLER INDUSTRIES INC United States 2609717 58.97 1,681,928 99,183,294.16
    0.72 RPM RPM INTERNATIONAL INC United States 2756174 101.63 970,217 98,603,153.71
    0.70 TRMB TRIMBLE INC United States 2903958 53.21 1,799,505 95,751,661.05
    0.69 CR CRANE CO United States BNYD4F8 217.54 436,314 94,915,747.56
    0.67 GGG GRACO INC United States 2380443 73.63 1,255,943 92,475,083.09
    0.65 DY DYCOM INDUSTRIES INC United States 2289841 410.18 219,350 89,972,983.00
    0.62 AA ALCOA CORP United States BYNF418 43.48 1,961,736 85,296,281.28
    0.61 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 143.04 589,091 84,263,576.64
    0.58 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 212.86 377,522 80,359,332.92
    0.57 VMI VALMONT INDUSTRIES United States 2926825 525.88 149,231 78,477,598.28
    0.56 PNR PENTAIR PLC United States BLS09M3 62.12 1,239,640 77,006,436.80
    0.55 AYI ACUITY INC United States 2818461 326.83 232,281 75,916,399.23
    0.55 NWPX NWPX INFRASTRUCTURE INC United States 2035925 136.18 552,151 75,191,923.18
    0.54 WLK WESTLAKE CORPORATION United States B01ZP20 76.91 970,208 74,618,697.28
    0.49 ACM AECOM United States B1VZ431 67.94 998,680 67,850,319.20
    0.46 AGX ARGAN INC United States 2804501 602.18 105,095 63,286,107.10
    0.46 POWL POWELL INDUSTRIES INC United States 2697422 228.28 275,982 63,001,170.96
    0.46 MTRN MATERION CORP United States 2149622 242.05 258,782 62,638,183.10
    0.45 TTEK TETRA TECH INC United States 2883890 31.27 1,975,397 61,770,664.19
    0.44 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 72.70 837,682 60,899,481.40
    0.44 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 47.80 1,267,739 60,597,924.20
    0.44 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 390.32 153,963 60,094,838.16
    0.44 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.28 5,815,918 59,787,637.04
    0.41 GRC GORMAN-RUPP CO United States 2379281 79.19 715,507 56,660,999.33
    0.40 CMC COMMERCIAL METALS CO United States 2213260 65.52 840,160 55,047,283.20
    0.40 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 131.49 418,220 54,991,747.80
    0.39 LGN LEGENCE CORP-CL A United States BT6CC17 68.14 791,232 53,914,548.48
    0.39 ACA ARCOSA INC United States BGPZ5W8 144.74 371,531 53,775,396.94
    0.37 TRN TRINITY INDUSTRIES INC United States 2904627 36.45 1,396,499 50,902,388.55
    0.36 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 321.93 153,742 49,494,162.06
    0.36 WNC WABASH NATIONAL CORP United States 2932048 13.27 3,719,948 49,363,709.96
    0.36 EXP EAGLE MATERIALS INC United States 2191399 201.77 242,894 49,008,722.38
    0.36 DXPE DXP ENTERPRISES INC United States 2276627 167.74 291,478 48,892,519.72
    0.32 TITN TITAN MACHINERY INC United States B29H3T5 19.15 2,304,097 44,123,457.55
    0.30 ASTE ASTEC INDUSTRIES INC United States 2060370 53.89 773,276 41,671,843.64
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 72.98 563,791 41,145,467.18
    0.29 TPC TUTOR PERINI CORP United States 2681760 80.54 501,387 40,381,708.98
    0.29 GVA GRANITE CONSTRUCTION INC United States 2381189 122.08 330,661 40,367,094.88
    0.29 KNF KNIFE RIVER CORP United States BPLL4V5 78.57 506,931 39,829,568.67
    0.29 TEX TEREX CORP United States 2884224 62.92 625,227 39,339,282.84
    0.28 CLF CLEVELAND-CLIFFS INC United States BYVZ186 8.98 4,315,718 38,755,147.64
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 20.87 1,859,412 38,805,928.44
    0.28 ATKR ATKORE INC United States BDHF495 73.40 523,758 38,443,837.20
    0.28 TTAM TITAN AMERICA SA United States BNM4XQ7 16.76 2,256,827 37,824,420.52
    0.27 LPX LOUISIANA-PACIFIC CORP United States 2535243 71.32 527,573 37,626,506.36
    0.27 GBX GREENBRIER COMPANIES INC United States 2387530 49.56 756,559 37,495,064.04
    0.27 RYZ RYERSON HOLDING CORP United States B3TPPZ6 29.07 1,282,099 37,270,617.93
    0.27 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 102.45 363,218 37,211,684.10
    0.27 HRI HERC HOLDINGS INC United States BZBZ020 147.36 252,028 37,138,846.08
    0.27 CTRI CENTURI HOLDINGS INC United States BMDPVF7 27.30 1,357,595 37,062,343.50
    0.27 DNOW DNOW INC United States BMH0MV1 13.96 2,633,474 36,763,297.04
    0.26 MTUS METALLUS INC United States BNBPMX1 19.13 1,891,962 36,193,233.06
    0.26 IIIN INSTEEL INDUSTRIES INC United States 2325875 31.85 1,130,398 36,003,176.30
    0.26 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 25.06 1,434,477 35,947,993.62
    0.26 PRIM PRIMORIS SERVICES CORP United States B1GC200 86.64 409,311 35,462,705.04
    0.25 CSW CSW INDUSTRIALS INC United States BYQD1J6 275.21 126,408 34,788,745.68
    0.25 CENX CENTURY ALUMINUM COMPANY United States 2186254 42.84 797,130 34,149,049.20
    0.24 BMI BADGER METER INC United States 2069128 148.30 223,676 33,171,150.80
    0.24 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 43.59 752,717 32,810,934.03
    0.23 EXPO EXPONENT INC United States 2330318 62.68 508,982 31,902,991.76
    0.22 USLM UNITED STATES LIME & MINERAL United States 2724115 105.05 293,994 30,884,069.70
    0.19 CALX CALIX INC United States B3S4L67 38.35 689,988 26,461,039.80
    0.19 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 14.33 1,810,977 25,951,300.41
    0.01 OTHER PAYABLE & RECEIVABLES United States 1.00 939,929 939,929.47
    0.00 CASH United States 1.00 236,356 236,355.60
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 06/30/26

    Sector Weight (%)
    Industrials 73.3
    Materials 22.2
    Utilities 3.3
    Information Technology 1.1
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 07/20/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 58,103 M
    2025 2026
    Price-to-earnings 30.27 25.09
    Price-to-book value 3.99 3.59

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 06/30/26

    Versus Beta
    S&P 500 1.14
    MSCI EAFE 0.92
    MSCI Emg. Mkts 0.57
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top